Projects

EAST 48 STREET

Projects

EAST 48 STREET

EAST 48 STREET

Developer

Convergent Energy

Status

In Progress

Borough

Brooklyn

Last Movement: Jul 2025

Start

Start

Development Timeline
Development Timeline
Development Timeline
Development

Planning Start

Sep 2024

Development Planning Start

Development Start

Jul 2025

Active Development Start

Overview

Convergent's NYCIDA Core Application was initially filed in July 2021 with an estimated $7,500,000 total project cost and a financial assistance request for $1,322,513 in the form of Real Estate Tax Benefits and $611,399 in Sales Tax Waiver.

While NYCIDA funding was approved by late 2021, preliminary construction filings didn't appear until late 2024 with approvals for permitting in July 2025.

The E 48th Street project will include (6) Tesla Mega Pack 2XL batteries, enclosed in containers covering 9,000 square feet on a lot totaling 18,500 square feet in Brooklyn, NY.

Convergent's NYCIDA Core Application was initially filed in July 2021 with an estimated $7,500,000 total project cost and a financial assistance request for $1,322,513 in the form of Real Estate Tax Benefits and $611,399 in Sales Tax Waiver.

While NYCIDA funding was approved by late 2021, preliminary construction filings didn't appear until late 2024 with approvals for permitting in July 2025.

The E 48th Street project will include (6) Tesla Mega Pack 2XL batteries, enclosed in containers covering 9,000 square feet on a lot totaling 18,500 square feet in Brooklyn, NY.

Convergent's NYCIDA Core Application was initially filed in July 2021 with an estimated $7,500,000 total project cost and a financial assistance request for $1,322,513 in the form of Real Estate Tax Benefits and $611,399 in Sales Tax Waiver.

While NYCIDA funding was approved by late 2021, preliminary construction filings didn't appear until late 2024 with approvals for permitting in July 2025.

The E 48th Street project will include (6) Tesla Mega Pack 2XL batteries, enclosed in containers covering 9,000 square feet on a lot totaling 18,500 square feet in Brooklyn, NY.

Project Financials

NYSERDA

Operational

Operational

Retail & Bulk Energy Storage Incentive

$1,500,000

Date of Approval: October 25, 2021

About Convergent Energy

Convergent Energy

Convergent Energy and Power is a leading US-based developer, owner, and operator of energy storage and solar-plus-storage solutions. Founded in 2011 and headquartered in New York City, Convergent specializes in delivering customized energy storage systems that reduce electricity costs, enhance grid reliability, and support renewable integration with over 600 megawatts (MW) and more than 1,600 megawatt-hours (MWh) of storage and solar-plus-storage projects developed or under management across North America

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